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Biden attempts to undo Trump’s four years

newsflight january 25

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Market News

  • SSE Composite: The SSE Composite closed this week higher than it started, showing growth since the beginning of the year. 
  • CAC 40: Across Europe, indices like France’s CAC 40 have closed the week down, as the region’s second wave continues to pose health and economic challenges.
  • Dow Jones: As a potential result of Donald Trump’s impeachment, US indices like the Dow Jones appeared to lose some upward traction.

Last Week’s Highlights

President Biden Attempts to Undo Trump’s Four Years

Donald Trump left the White House for the last time this past Wednesday, directly going to his home in Florida, missing Joe Biden’s swearing in ceremony. While it is tradition for a president to attend his successor’s inauguration, a peaceful and respectful transition of power appeared to be low on Trump’s list of priorities following the Capitol riots he incited. The same day, President Biden’s team managed to work through 17 executive orders to reverse those enacted by Trump. These efforts appear to just be the beginning, with many more executive orders appearing on Biden’s desk to tackle the pandemic, housing costs, immigration challenges, and more.

New Restrictions, Frozen Travel

For a time, global travel appeared to open up once again, despite concerns of new major COVID-19 waves. As many countries’ economies fell into depression, especially those based heavily in tourism, many governments felt no choice but to reopen borders and airports. However, many European countries have begun to firmly clamp down on international arrivals, as well as restrict outside time, and the US has now made a negative PCR test required to enter the country.

Coming Up This Week

Google Makes Threats to Leave Australia

Wait… what? Yes. Can you imagine what Australia would look like without access to Google? That is exactly what the tech giant made the Oceania country reflect on this past week. Threats to take away search engine capabilities were the company’s response to the Australian government’s legislative proposal to allow media companies to be paid for Google’s use of their material. Tech questions of this magnitude are the core of many new arguments regarding the morality of Google’s near-complete control over digital information and content.

Tokyo Olympics on Thin Ice

Japan’s representatives for the (originally 2020) Olympics don’t appear to be backing down about holding the games in 2021. Despite concerns of COVID-19’s maintained grip on the world, the International Olympic Committee has maintained that the games will go forward this summer. With new vaccine campaigns officially launching worldwide, the question remains whether they will be enough to make it safe to hold the games and how athletes will be affected.


More Things to Sip On…

Volkswagen appears to have made it out of 2020 much stronger than expected.

Russian support of Libyan opposition heats up agreement made by the UN.

Trump’s second impeachment will finally face the House this week.


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“During recession greed dies, frugality survives.”
– Amit Kalantri –


Disclaimer
Visit our Disclosures section for additional information. All market information provided was collected in the afternoon of January 22, 2021. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in News Flight are not representative of FlexInvest Inc.

All information provided was collected up to the last business day of the previous week of the release of this NewsFlight. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in NewsFlight are not representative of FlexInvest.

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Wild Card

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